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Diversified Miners News

Exxaro expects H1 thermal coal output to rise 1%

By: Reuters     28th June 2018 Exxaro Resources Ltd expects coal production for the half year to June 30 to increase by 1.7% to 23.52-million tonnes, the South African coal miner said on Thursday. It expects thermal coal output to rise by 1% to 22.307-million tonnes and metallurgical coal to increase by 12% compared with the... 

Bushveld’s Vametco production capacity increases to 3 750 t/y

By: Marleny Arnoldi     28th June 2018 Aim-listed Bushveld Minerals has completed the second phase of the three-phased expansion project at its Vametco mine and processing plant, in Brits, North-West, on time and within budget. This allows the company to take advantage of the high vanadium price that has persisted throughout the first... 

Unpacking the latest headlines in mining  

28th June 2018 Mining Weekly editor Martin Creamer unpacks Orion Minerals recently raising A$11-million, fuel cell development and Glencore's South African expansion. 

Unpacking the latest headlines in mining
Unpacking the latest headlines in mining

Mining investors spooked as African dispute payments multiply

By: Bloomberg     28th June 2018 Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors. A $150-million payment by Glencore’s Katanga Mining to the Democratic Republic of Congo’s Gecamines earlier this month followed Freeport McMoRan’s separate... 

Vast Resources raises £1.25m in share placement

By: Marleny Arnoldi     27th June 2018 Aim-listed diversified miner Vast Resources has raised in aggregate £1.25-million through the placing of 238-million shares at a price of 0.5p apiece.  

‘Standout’ Glencore is ‘top pick’

By: Martin Creamer     27th June 2018 In a 150-page analysis of four of the world’s biggest diversified mining majors, Glencore has emerged as the top pick of financial services company Credit Suisse, which has declared the London- and Johannesburg-listed company headed by Ivan Glasenberg as the current “standout” diversified mining... 

‘Standout’ Glencore is ‘top pick’
Photo by Creamer Media
Flashback to CEO Ivan Glasenberg opening Glencore-funded school in South Africa's coalfields.

Private security company allegedly opens fire on protesters, injuring eight in Marikana

By: News24Wire      26th June 2018 Eight people were shot and injured during a legal march, after a private security company fired rubber bullets at a group protesting outside Glencore mine in Marikana, North West on Tuesday morning. "While the march was busy, a private security firm fired shots at the protesters. One of the... 

BHP and Vale reach deal with Brazilian prosecutors

By: Esmarie Swanepoel     26th June 2018 Mining giant BHP and its joint venture partner Vale have reached an agreement with the Brazilian government to extinguish a 20-billion reais ($5.3-billion) lawsuit relating to the 2015 dam failure at the Samarco operation, which claimed 19 lives. The agreement allows the mining companies more... 

BHP and Vale reach deal with Brazilian prosecutors

Glencore bets big on South Africa as Ramaphosa promises revival

By: Bloomberg     26th June 2018 Glencore has set its ambitions on expanding in South Africa, the homeland of its chief Ivan Glasenberg. As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits from coal and chrome assets as prices rise. The company... 

Glencore bets big on South Africa as Ramaphosa promises revival
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale
BLSA CEO Bonang Mohale

Indonesia may finalise new mining law by month-end

By: Nadine James     22nd June 2018 News of a new Indonesian mining law first emerged in 2016, and the draft legislation has been revised several times since, US-based international law firm Bryan Cave Leighton Paisner partner and foreign legal consultant Marius Toime noted in a legal opinion last month. Some of the country’s major... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector

By: Nadine James     21st June 2018 Chromium carbide (CrC) wear solutions provider Rio-Carb MD Martin Maine has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry, and has commissioned academic research to establish how the country... 

Rio-Carb commissions academic research into the future of South Africa’s mining sector
Rio-Carb MD Martin Maine

South African mining-focused EV manufacturer launched

By: Nadine James     20th June 2018 Battery-driven mining vehicle solution provider Battery Power Industries (BPI) officially launched on Wednesday. The South African original-equipment manufacturer specialises in the development of battery energy systems, electrical traction systems and high-speed charging systems for underground... 

South African mining-focused EV manufacturer launched

Report alleges miners inadequately disclose information on environmental rehabilitation costs

By: Nadine James     20th June 2018 Neither the law, nor the accounting standards governing company disclosures, ensure the necessary transparency and accountability about financial provision for environmental rehabilitation, the Centre for Environmental Rights (CER) alleges in its ‘Full Disclosure: The Truth about Mining... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

Rio takes Alloy up on Paterson offer

By: Esmarie Swanepoel     19th June 2018 ASX-listed Alloy Resources has signed a farm-in and joint venture agreement with the exploration arm of major Rio Tinto over an exploration license in the Paterson region of Western Australia. Under the terms of the agreement, Rio Tinto Exploration could earn a 70% interest in the tenement by... 

Correction: Independence Group nine-month output

18th June 2018 Diversified metals miner Independence Group has delivered 14 914 t of nickel in concentrate, 6 315 t of copper in concentrate and 490 t of cobalt in concentrate in the nine months to March. Mining Weekly incorrectly stated on June 14 that the nine-month production was the full-year guidance. 

Rio spending $2.2bn on iron-ore supply

By: Esmarie Swanepoel     18th June 2018 Diversified miner Rio Tinto on Monday revealed that it will be spending some $2.2-billion over the next three years on replacement mines for its iron-ore operations in the Pilbara, including initial spending on the proposed Koodaideri, West Angelas and Robe Valley developments. Rio’s iron-ore... 

South32 offers $1.3bn for rest of Arizona

By: Esmarie Swanepoel     18th June 2018 Diversified miner South32 has struck a $1.3-billion takeover deal with TSX-listed Arizona Mining, offering to acquire the remaining 83% interest in the company through an all-cash offer. South32 is offering Arizona shareholders C$6.20 a share for their interest in the TSX-listed miner, which... 

South32 offers $1.3bn for rest of Arizona
South32 CEO Graham Kerr

Big metal is conspicuously tight-lipped on US-China rift

By: Bloomberg     16th June 2018 If mining companies are as bothered by Trump’s tariffs as investors appear to be, they’re not saying. A full-out trade war between the US and China could negatively affect the metals and mining sector in several ways. China could respond to Friday’s US tariffs by cutting imports of raw... 

Exxaro appoints new chairperson

By: Marleny Arnoldi     15th June 2018 JSE-listed coal and heavy minerals miner Exxaro has appointed Jeffrey van Rooyen as independent nonexecutive chairperson.  

Glencore’s DRC settlements should allay fears about asset seizure – analyst

By: Chanel de Bruyn     15th June 2018 Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

Royalties to contribute A$20bn to Qld Budget in next five years

By: Esmarie Swanepoel     15th June 2018 The resources sector’s contribution to the Queensland state Budget is expected to soar to more than A$20-billion between now and July 2023. Total mineral royalties reached A$4.32-billion in the 2018 financial year. 

Imports challenge for pumps manufacturing, foundry industry

By: Erin Steenhoff-Snethlage     15th June 2018 One of the biggest challenges for local foundries and pumps manufacturers is competition from imported products, says Kimberley-based metal castings specialist KEW Foundries. “I would say about 70% to 80% of the pumps used in South Africa are imported,” KEW Foundries operations director Jaime... 

Imports challenge for pumps manufacturing, foundry industry
Photo by Bloomberg
IN TANDEM The local pumps manufacturing industry relies on the continued operation and growth of foundries in South Africa

Virtual reality blast wall, cube providing ‘memorable’ training

By: Nadine James     15th June 2018 Virtual reality (VR) solutions provider Simulated Training Solution’s (STS’s) world-first VR blast wall and its VR cube have resulted in efficient, effective and memorable training programmes for Anglo American Platinum’s Engineering Services Training Centre (ESTC) in Randfontein, and Murray and... 

Virtual reality blast wall, cube providing ‘memorable’ training
VIRTUAL BLAST WALL The VR blast wall was designed and developed by STS in 2015 on request of Sasol Nitrate and Glencore

Bushveld settles £5m debt with Atlas Special Opportunities

By: Marleny Arnoldi     14th June 2018 Aim-listed diversified miner Bushveld Minerals has redeemed the outstanding unsecured convertible bonds that were issued to Atlas Special Opportunities in September 2017.  

Bushveld settles £5m debt with Atlas Special Opportunities
Photo by Creamer Media
Bushveld Minerals CEO Fortune Mojapelo

Glencore Coal provides free WiFi to two host communities

By: Nadine James     14th June 2018 Thermal coal miner Glencore Coal South Africa (SA) has launched a free WiFi initiative, which will allow members of two of the company’s host communities, Phola and Ogies, to access 500 MB/d per person for educational, economic and leisure purposes. The initiative currently comprises six... 

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Brazil pension fund Funcef still considering sale of Vale stake

By: Reuters     12th June 2018 Brazilian pension fund Funcef is still considering whether to sell its stake in mining company Vale SA but sees no immediate urgency to do so, its director Paulo Werneck said on Tuesday, as funds try to avoid putting pressure on Vale shares. Speaking to journalists on the sidelines of a... 

Rio appoints replacement for Lynch

By: Esmarie Swanepoel     12th June 2018 Mining major Rio Tinto has appointed Jakob Stausholm as CFO, succeeding Chris Lynch who will stand down from the board on September 3, and who will retire from Rio on September 30. Stausholm recently stepped down as group CFO of AP Moller-Maersk, and will join Rio as an executive director on... 

BHP, union at Chile's Spence copper mine reach labour agreement

By: Reuters     12th June 2018 Unionised workers at BHP's Spence copper mine in northern Chile agreed on Monday to a new collective labor contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2 500-member union at its Escondida copper mine in northern Chile, the... 

Ivanhoe’s Southern African projects to benefit from CITIC’s acquisition of 19.9% stake

By: Marleny Arnoldi     11th June 2018 Diversified miner Ivanhoe Mines and China State-owned investment company CITIC’s subsidiary CITIC Metal have signed a long-term strategic cooperation and investment agreement, whereby CITIC Metal acquires a 19.9% stake in Ivanhoe.  

Ivanhoe’s Southern African projects to benefit from CITIC’s acquisition of 19.9% stake
CITIC Metal signs investment, cooperation agreement with Ivanhoe Mines

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Beneficiation opportunities in zinc, fuel cells – Oliphant
Photo by Wynand van der Merwe
Deputy Mineral Resources Minister Godfrey Oliphant (right) with Mining Weekly Online's Martin Creamer

Mustang Minerals changes name to Grid Metals

By: Nadine James     8th June 2018 Mustang Minerals has changed its name to Grid Metals. Grid will begin trading on the TSX-V under the symbol GRDM effective June 8. 

Glencore faces new legal challenge against Congo cobalt mine  

By: Bloomberg     8th June 2018 For Glencore in the Democratic Republic of Congo, problems don’t form an orderly queue: they pile up on top of each other. In the latest example of the commodity giant’s deteriorating relationships in the country, a convicted fraudster has resurrected a legal claim the company considered dead,... 

Glencore faces new legal challenge against Congo cobalt mine

Unpacking the Junior Indaba 

8th June 2018 The Junior Indaba kicked off in Johannesburg this week. Mining weekly Editor Martin Creamer attended and unpacks the event’s headlines. 

Unpacking the Junior Indaba
Unpacking the Junior Indaba

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